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Housing Hope

EIN 94-3060709 · Everett, WA

Public records raise at least one point you should look into before giving.

LegitimacyCautionRegistration and standingFinancial healthWeak25 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROMOTE AND PROVIDE A CONTINUUM OF SAFE, DECENT, AFFORDABLE HOUSING AND NECESSARY RELATED SERVICES FOR VERY LOW INCOME AND LOW INCOME RESIDENTS OF SNOHOMISH COUNTY AND CAMANO ISLAND.

Income
$9.6 million
Spending
$14.7 million
Spent on programs
73%
Reserves
-21.2 months of spending
Largest source of income
fees for its services, 51%
Employees
265
Volunteers
182
Highest pay
$198,802, ceo

Source: Form 990 for the year ending June 30, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 25 out of 100. Higher than 3% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 69% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 53% of income.

  • Income trend

    5 of 15

    Income fell 13% on the year before.

  • Spending floor

    15 of 15

    73% of spending went to programs and raising each dollar of donations cost 18 cents.

Source: Form 990 for the year ending June 30, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    20 of 21 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $7.1 million spent. DURING THE YEAR ENDED JUNE 30, 2023, HOUSING HOPE PROVIDED 601 AFFORDABLE UNITS (INCLUDING TAX CREDIT INCENTIVES) OF WHICH SIX WERE EMERGENCY SHELTER UNITS AND 236 DEDICATED TO SERVING HOUSEHOLDS THAT WERE EXPERIENCING HOMELESSNESS. SOCIAL SERVICES TAILORED TO THE NEEDS OF EACH HOUSEHOLD ARE PROVIDED BY THE AGENCY THAT IS CENTERED BY INDIVIDUALIZED FAMILY SUPPORT MANAGEMENT AND BASIC LIFE SKILLS.
  2. $1.1 million spent. THE CHILDHOPE INITIATIVE IS COMPRISED OF FOUR PROGRAMS: TOMORROW'S HOPE CHILD DEVELOPMENT CENTER, PARENTING EDUCATING COURSES AT COLLEGE OF HOPE, HOUSING HOPE'S TEEN AND YOUNG FAMILIES PROGRAM, AND IN-HOME INTERVENTIONS PROVIDED BY CHILD AND FAMILY SPECIALISTS. EACH OF THESE PROGRAMS HELP HOMELESS AND VERY LOW-INCOME CHILDREN RECOVER FROM EARLY TRAUMAS, SETTING THEM ON THE PATH TOWARD A LIFETIME OF SUCCESS. DURING THE YEAR ENDED JUNE 30, 2023, THESE PROGRAMS SERVED 171 CHILDREN, 185 PARENTS, AND 121 FAMILIES.
  3. $1.3 million spent. THE AGENCY'S SOCIAL SERVICE PROGRAM HAS BEEN "VOCATIONALIZED" TO HELP PARTICIPANTS GAIN CRITICAL JOB READINESS SKILLS NECESSARY TO BE COMPETITIVE IN THE JOB MARKET AND TO CONTRIBUTE POSITIVELY TO THE COMMUNITY'S WORKFORCE. EMPLOYMENT READINESS PROGRAM COMPONENTS INCLUDE CLASSES, COACHING, MENTORING AND VOLUNTEERING AND PAID JOBS EXPERIENCES. AS PARTICIPANTS INCREASE THEIR EMPLOYMENT READINESS SKILLS, THEY ARE ASSISTED TO SECURE PERMANENT PAID EMPLOYMENT THAT BECOMES THE LAUNCHING PAD FOR HELPING THEM DETERMINE A CAREER DIRECTION AND PATH. DURING THE YEAR ENDED JUNE 30, 2023, THE COLLEGE OF HOPE PROGRAM PROVIDED 271 INDIVIDUALS CLASSES TO IMPROVE THEIR SKILLS AND KNOWLEDGE IN THE AREAS OF PARENTING & FAMILY LIFE, MENTAL HEALTH, ECONOMIC WELLBEING, HEALTH & WELLNESS AND HOUSING EXPERTISE.
  4. $1.2 million spent. OTHER SOCIAL SERVICE PROGRAMS - CASE MANAGEMENT, COUNSELING FOR CLIENTS, CLIENT ASSISTANCE.

Source: Form 990 for the year ending June 30, 2023, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Caution.

    Most recent return on file covers the year ending June 2023. Organizations that miss three years of returns lose their exemption.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1988.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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